Shanghai Port leads China's electric vehicle exports in Q1

Shanghai Port, located in East China, exported 167,000 electric passenger vehicles worth 38.73 billion yuan ($5.6 billion) in the first quarter of 2023, up 30.3 percent and 63.9 percent year-on-year respectively, Shanghai Customs said recently.

SAIC Motor, a leading enterprise in China's automobile industry, exported 32,000 new energy vehicles under its MG brand from Shanghai Port in the first quarter, and expects to export 160,000 to 200,000 units over the whole year.

Haitong Terminal is responsible for about 80 percent of Shanghai's vehicle exports, and completed 720 operations of foreign trade ro-ro ships in 2022, carrying a record-breaking volume of 1.02 million exported vehicles.

Nangang Terminal, located in Lin-gang Special Area, has been rising as a new force for Shanghai's automobile import and export with its superior location and policy advantages.

It handled 227,000 vehicles in 2022, including large-scale exports of new energy vehicles from Tesla, MG and BYD, as well as engineering machinery from Sany Heavy Industry Co ltd. It also set a record by exporting 34,000 vehicles in a single month.

Shanghai Customs said that it will continue to support the development of Shanghai's automobile industry and promote the high-quality growth of foreign trade by optimizing customs clearance procedures, strengthening risk prevention and control, and enhancing service efficiency.